Saturday, December 6, 2008

An Interesting Recession

There are a few things about the current recession that certainly haven't occured during the past ones.Thanksgiving sales are up 3%, Thanksgiving weekend sales are up 19%, Cyber Monday is up, 15% housing affordability is at all time highs.During the recession, the GDP grew at a healthy 2.8% in Q2!And since NBER has a tendency to announce recession around the time they end, there's a big chance that the "official" recession will end within a couple of month.